Nogin Announces Jonathan Huberman as Chairman and Chief Executive Officer
January 27 2023 - 5:15PM
Nogin (“Nogin” or the “Company”),
a leading provider of innovative Commerce-as-a-Service (CaaS)
ecommerce technology, today announced that, following discussions
regarding plans for management succession, the Company’s Board of
Directors (the “Board”) has appointed current President and
co-Chief Executive Officer Jonathan Huberman as President, Chief
Executive Officer and Chairman of the Board. In connection with Mr.
Huberman’s appointments, Co-Founder, former Chairman, and co-Chief
Executive Officer Jan Nugent has decided to depart the Company,
effective today.
Huberman brings a wealth of knowledge in public company
operations and building scalable business models, having
specialized in leading growth in the enterprise software markets
for over 25 years. He joined Nogin’s executive team in August of
2022 after serving as Chairman and CEO of Software Acquisition
Group Inc. III, a special purpose acquisition company. Huberman
previously served as CEO of several leading software companies,
including Ooyala, a provider of media workflow automation and
logistics solutions, Syncplicity, a SaaS enterprise data management
company, Tiburon, an enterprise software for the public safety
sector, and Iomega Corporation, a consumer and distributed
enterprise storage solution. He also has held senior roles within
the technology verticals of Gores Group and Skyview Capital.
Nugent co-founded Nogin in 2010 along with current Chief
Technologist Geoffrey Van Haeren and has served as CEO since its
founding. Under Nugent’s leadership, Nogin developed the
Intelligent Commerce Platform, supported millions of transactions
and customers for brands across industries, and built Nogin’s
business to drive over $100 million in revenue in 2021, culminating
in the Company’s business combination with Software Acquisition
Group Inc. III in August 2022.
“Jan’s guidance and leadership over the past 12 years have been
essential in taking Nogin from a bootstrapped startup to an
established enterprise serving leading brands all over the world,”
said Huberman. “As we look to further grow Nogin’s leadership in
the Commerce-as-a-Service industry, the timing is right to take the
next step in our corporate evolution.”
“Nogin revolutionizes the way brands approach ecommerce,”
Huberman continued. “Our mission is to help brands accelerate
growth and streamline operations using our on-demand suite of
enterprise-level technology and services. We believe this is a
massive addressable market for us and we are committed to scaling
our operations. I am thankful for my partnership with Jan
throughout our time as co-CEOs, and I look forward to expanding my
role in shaping the future development of Nogin’s business as we
accelerate our growth strategy in the coming quarters.”
For additional details, please reference the Form 8-K filed with
the U.S. Securities and Exchange Commission on January 27, 2023,
which can also be found in the Investor Relations section of the
Company’s website.
About NoginNogin (Nasdaq: NOGN, NOGNW), the
Intelligent Commerce company, provides the world’s leading
enterprise-class ecommerce technology platform for brand leaders
that need to deliver superior growth with predictable costs and an
exceptional online experience. The Nogin Commerce Platform is a
cloud-based ecommerce environment purpose-built for brands selling
direct-to-consumer (D2C) and through online channel partners. Nogin
frees its customers to focus on their brands while running as much
or as little of the infrastructure as they choose. Founded in 2010,
Nogin optimizes the entire ecommerce lifecycle for D2C brands, such
as bebe, Brookstone, Hurley, and Kenneth Cole, achieving average
growth of more than 40% in annual gross merchandise value (GMV) in
the first year. To learn more, visit www.nogin.com or follow us on
LinkedIn and on Twitter at @Nogincommerce.
Cautionary Statements Concerning Forward-Looking
StatementsThis release contains certain forward-looking
statements within the meaning of the federal securities laws,
including statements regarding the development and adoption of the
Company’s platform and cost-reduction measures. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“would,” “will continue,” “will likely result,” and similar
expressions. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Forward-looking information
includes, but is not limited to, statements regarding: the
Company’s market, performance and operations, and the related
benefits to stockholders; and the Company’s strategy. Many factors
could cause actual future events to differ materially from the
forward-looking statements in this document, including the
Company’s ability to implement business plans and changes and
developments in the industry in which the Company competes. The
foregoing list of factors is not exhaustive. You should carefully
consider the foregoing factors and the other risks and
uncertainties described in the “Risk Factors” section of our
Registration Statement on Form S-1 filed with the Securities and
Exchange Commission (the “SEC”) on September 16, 2022 and other
documents filed by the Company from time to time with the SEC.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and the Company assumes no obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise, except as required by
law, including the securities laws of the United States and the
rules and regulations of the SEC. The Company does not give any
assurance that it will achieve its expectations.
Contacts:
Media Contact:BOCA Communications for
Noginnogin@bocacommunications.com
Nogin Investor Relations Contact:Cody Slach and
Tom ColtonGateway Investor
Relations949-574-3860nogin@gatewayir.com
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